Gold drops $120 in a day—why is crypto still pretending to be ‘digital gold’?
Waugh says inflation hasn’t truly slowed, rate-hike bets are heating up, and the dollar is sucking liquidity. Spot gold is at 4,480, down 2.6% over 24 hours. In crypto: BTC 77,704, down 3.2%; SOL 104, down 5.1%; HYPE 80.75, down 5%.
There’s no safe-haven demand—only liquidity being drained. When rate-hike expectations return, don’t treat rebounds as reversals to trust.
Waugh says inflation hasn’t truly slowed, rate-hike bets are heating up, and the dollar is sucking liquidity. Spot gold is at 4,480, down 2.6% over 24 hours. In crypto: BTC 77,704, down 3.2%; SOL 104, down 5.1%; HYPE 80.75, down 5%.
There’s no safe-haven demand—only liquidity being drained. When rate-hike expectations return, don’t treat rebounds as reversals to trust.